除少数例外情况外，Messari预计L1山寨币资产的市场份额将继续被比特币蚕食，这一趋势在2026年及以后几年内都不会逆转。

According to Cointelegraph, current market conditions may hinder Bitcoin's ability to replicate its early 2025 price gains as it moves into 2026, according to Ophelia Snyder, co-founder of 21Shares. Snyder noted that the factors contributing to the current volatility are unlikely to be fully resolved in the short term, making a repeat performance next January heavily dependent on broader market sentiment. She highlighted that January often sees renewed inflows into Bitcoin exchange-traded funds as investors rebalance and reposition portfolios at the start of the year. Snyder emphasized that the downtrend is not specific to cryptocurrency, expressing uncertainty about Bitcoin's performance in January due to the current low level of positive market sentiment. Bitcoin reached a peak of $109,000 on January 9, just before U.S. President Donald Trump's inauguration, as traders anticipated his proposed plans for the crypto sector would spark a rally. At the time of publication, Bitcoin is trading at $92,150, according to CoinMarketCap, down almost 10% over the past 30 days. Despite the recent downturn, Snyder remains optimistic about Bitcoin's long-term prospects. She views the recent correction as a response to a general risk-off sentiment in broader market conditions rather than anything specific to cryptocurrency. Snyder identified several factors that could drive Bitcoin to outperform, including the expansion of crypto ETFs on major platforms, increased government adoption, and rising demand for stores of value beyond gold. Conversely, potential catalysts for underperformance include risk-off sentiment across broader financial markets and continued strength in gold, which could make Bitcoin less appealing to traditional investors. Other industry executives share a more optimistic outlook, with BitMine chair Tom Lee predicting that Bitcoin will reach a new high before the end of January 2026. Historical data from CoinGlass shows that since 2013, Bitcoin has averaged a return of 3.81% during January, suggesting potential for positive performance in the coming year.

Italy’s Economy Ministry ordered a full review of the country’s crypto safeguards on Thursday after officials released an official warning on so-called “rising risks could hit retail investors. ” The decision came from a meeting of the Committee for Macroprudential Policies, which includes the head of the Bank of Italy, the chief of Consob, the insurance […] source: https://www.cryptopolitan.com/italys-major-review-of-crypto-safeguards/

Bitcoin’s downturn has barely anything to do with “anything crypto specific,” but it’s unlikely to surge early next year, says 21Shares co-founder Ophelia Snyder. source: https://cointelegraph.com/news/bitcoin-price-all-time-high-january-repeat-uncertainty-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to BlockBeats, data from Coinglass reveals that the funding rates on major centralized and decentralized exchanges (CEX and DEX) continue to reflect a bearish market sentiment. The funding rates for key cryptocurrencies are detailed in the accompanying chart. Funding rates are a mechanism used by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applied to perpetual contracts. This mechanism involves the exchange of funds between long and short traders, with the trading platform not collecting this fee. It serves to adjust the cost or profit of holding contracts, ensuring that contract prices remain close to the underlying asset prices. A funding rate of 0.01% is considered the baseline rate. When the funding rate exceeds 0.01%, it indicates a generally bullish market sentiment. Conversely, when the funding rate falls below 0.005%, it suggests a predominantly bearish market outlook.

According to PANews, the Italian Ministry of Economy has announced a comprehensive review of the current risk control mechanisms related to cryptocurrency investments. This initiative aims to assess whether adequate safeguards are in place for retail investors engaging in direct or indirect investments in crypto assets. The decision was made by the Macroprudential Policy Committee, which includes the Bank of Italy, market regulator Consob, insurance and pension regulators, and the Ministry of Finance. Regulators have issued warnings about the increasing integration of crypto assets with the traditional financial system and the growing issue of fragmented international regulations, which could heighten potential risks. Although Italy's overall economic and financial situation remains stable, it faces significant global uncertainties.

TON treasury has submitted a meme shelf registration for $420. 69 million. source: https://www.cryptopolitan.com/ton-treasury-files-420m-shelf/

12月4日迪拜区块链周CZ与Schiff有关比特币vs黄金这场辩论，你觉得谁赢了？

芯片,人工智能,IPO,投资,摩尔线程融资故事：早期投资人回报已超6200倍 金色财经,回看“国产GPU第一股”是如何诞生的？

为什么BTC以及整个加密货币市场出现了逆周期现象？如何用一个完整的叙事将AI、中美博弈以及BTC与黄金的反常表现串联到一起？

曾经放大上行收益的金融工程，如今也同样加剧了下行风险。

以太坊终极野心是成为“金融的Windows”。当货币需要自动化、全球化、智能化结算时，其开放生态的综合性功能将重塑全球金融生态，价值空间随生态扩张持续打开。

x402协议的诞生，恰似17世纪汇票挑战金银本位——新经济形态总是先于规则破茧。然而技术基础设施的稳固性与制度框架的成熟性同样重要。

钱包,Web 3.0,AI Agent,Curator,DeFi,Web3钱包未来5个重点发展方向 金色财经,Web3钱包的未来形态，有5个重点发力方向。

我们不再培养“只有半边大脑”的人，而是培养能在 AI 时代与机器协同、同时驾驭人文与理性的“新型通才”。

加密市场可能将进入“央行主导合规化”的新阶段。理解美联储的战略意图与政策逻辑，适应其推动的规则体系，是在数字金融时代把握机遇、应对挑战的关键。